But the SEC’s aggressive approach doesn’t sit well with one of its most senior figures. Hester Peirce, one of the SEC’s five commissioners, has formally disavowed the agency’s tactics on multiple occasions. She says the SEC’s actions have been driven by what she calls “jurisdictional maximalization”—launching cases in order to grow its mandate—but haven’t actually helped the crypto sector become more compliant.
“One way to plant a flag is to bring enforcement action. It says: This is our space,” Peirce says. But in pursuing territorial gains instead of creating guidance to help crypto firms color within the lines, she claims, the SEC has lost its way. “We haven’t done our job as a regulator. We have not provided a road to compliance.”
Source: An SEC Dissenter Says the Regulator Must Ease Off Crypto | WIRED
